Supply Chain

GrubMarket Acquires IOT Pay to Enter Financial Services Sector for the American Food Supply Chain Industry

August 11, 2022 GrubMarket

GrubMarket announced it has completed the acquisition of Vancouver, Canada-based IOT Pay, a leading fintech company that provides omnichannel payment services that allow merchants to accept payments both in-store and online on a global scale. GrubMarket will leverage IOT Pay’s technology and payments infrastructure to address the food supply chain industry’s accelerating need for faster, more flexible, and more robust digital payment and financing opportunities. …

Omni-Channel Grocery Shoppers Key to Unlocking Additional Growth for Retailers, Data Analysis Finds

July 26, 2022 Symphony RetailAI

Symphony RetailAI, a leading provider of end-to-end, integrated AI-powered merchandising, marketing and supply chain solutions for retailers and CPG manufacturers, today announced the findings of an analysis of nearly 600 million shopper transactions to determine the impact of today’s omni-channel grocery shopper. A key finding is that online household penetration now reaches 6.4%, up 60% from pre-pandemic levels, and households that shop both in-store and online are growing at a rate of 10% year-over-year. …

Milk Moovement Raises $20M to Transform the Dairy Industry’s Supply Chain

July 19, 2022 Milk Moovement

Milk Moovement, a leading cloud-based dairy supply chain software company, announced the closing of a $20 million USD Series A round led by VMG Catalyst, the venture capital firm that invests in technology powering the next generation of retail and consumer businesses. The new funding will help accelerate product development and adoption of Milk Moovement among leading dairy businesses in North America. …

The United States Beef Supply Chain: Issues and Challenges

July 13, 2022 Agricultural & Applied Economics Association

In the 2022 AAEA Annual Meeting session “Issues and Challenges with the Beef Supply Chain” authors discuss how the Agricultural & Food Policy Center (AFPC) at Texas A&M University recently released a book titled The U.S. Beef Supply Chain: Issues and Challenges. This book was the culmination of a study on cattle markets initiated at the request of the bi-partisan leadership of the House Agriculture Committee in the 116th Congress and the U.S. Department of Agriculture. …

Fresho’s £8m Series A Accelerates US Expansion Plans to Make Food Supply Chains More Sustainable

June 8, 2022 Fresho

Fresho, a company that aims to make food supply chains more sustainable between restaurants and their suppliers, has whet the appetite of investors with a recent capital raising of $10m. …